Article 7-1. Features of the implementation of compulsory tourist insurance The Law On Compulsory Tourist Insurance

Home / RLA / Article 7-1. Features of the implementation of compulsory tourist insurance The Law On Compulsory Tourist Insurance

1. A legal entity registered as an insurance organization, prior to obtaining a license for the right to carry out compulsory insurance of a tourist, is obliged to conclude:

1) participation agreement with the Insurance Benefit Guarantee Fund in accordance with the procedure established by the Law of the Republic of Kazakhstan "On Insurance Benefit Guarantee Fund";

2) an agreement on providing assistance to a tourist traveling abroad (the insured) in the event of events recognized as insured events specified in this Law with an assistance company that has a 24-hour multilingual coordination center and a regional network in the country (place) of the insured's temporary stay, or contracts with carriers, medical and other institutions who have licenses to provide services to the insured.

The amount of assistance provided by the assistance company for each insured and insured event is determined by the maximum amount of liability of the insurer.

The requirements for the assistance company with which the insurer enters into an agreement to provide assistance to the insured, as well as the procedure for the interaction of the insurer with the assistance company, are established by a regulatory legal act of the authorized body.

2. Excluded by the Law of the Republic of Kazakhstan dated 07/02/2018 No. 166-VI (effective from 01/01/2019)..

3. Insurers have the right to participate in the creation of an organization responsible for the formation and maintenance of an information database on insurance risks, insured events and insurance payments for compulsory tourist insurance.

4. Insurance organizations licensed to provide compulsory tourist insurance are required to pay mandatory contributions and form conditional obligations in accordance with the procedure provided for by regulatory legal acts of the authorized body.

The Law of the Republic of Kazakhstan dated December 31, 2003 No. 513.

This Law regulates public relations arising in connection with compulsory tourist insurance and establishes the legal, economic and organizational basis for its implementation.

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